Manuscripts/Mixed Material [I Wanted to be a Merchant]
“During the war when prices rose so high it was often necessary for merchants to contract for ahead. When the crash came we were loaded up on a great many commodities that we were forced to sell at a terrific loss.
“White meat that was bought for 32 and 35 ¢ was sold for as low as 12 ¢ and some of it for 4 and 5 ¢ per pound. Sugar was another commodity that brought heavy losses to grocery firms. Manufacturers held merchants to their contracts, forcing them to pay and in many instances brought suit against them.
“At one time we bought a lot of syrup for 35 ¢ a gallon and had to sell it for [17 1/2 [?]] ¢. At that we considered ourselves lucky to get half price for it, because later we found that it was fermented.
“Another firm bought two carloads of corn about the same time. It was found to be [weevil[?]] eaten and instead of realizing a profit on the cost price of $1.55 a bushel, they were glad to sell all of it for 55 ¢.
“Of course there were many contributing causes to the depression, but it is my firm belief that the World War was the main one/.
“And so, while it has left many [scars[?]], I still have much for which to be thankful.”